Cabinet approved MoU signed between India and Germany to enhance Railway sector:
The Union Cabinet led by the PM Narendra Modi apprised a Memorandum of Understanding (MoU) signed between Ministry of Railways, GoI and DB Engineering & Consulting GMBH of Germany. The MoU was signed for technological cooperation in the Railway Sector. The agreement was signed in February 2020.
MoU Provisions:
♦ The MoU will freight operations, passenger operations and infrastructure building and management between the countries in the railway sector.
♦ It will enhance the development of a modern, competitive railway organization, IT solutions for railway operations, marketing and sales and administrative purposes.
♦ It will also improve predictive maintenance, private train operations between the two parties.
Background:
Ministry of Railways have signed several MoUs, Memorandums of Cooperation (MoCs), Administrative Arrangements (AAs) and Joint Declarations of Intent (JDI) for technical cooperation in the rail sector with various foreign Governments and National Railways in several areas including development of world-class stations, high-speed rail, heavy haul operations and modernization of rail infrastructure, speed raising of existing routes, etc.
###
###